New York State Common Retirement Fund Increased Ellie Mae Inc (NYSE:ELLI) Stake by $15.13 Million

August 12, 2018 - By Julie Barnes

Ellie Mae, Inc. (NYSE:ELLI) LogoInvestors sentiment decreased to 0.85 in Q1 2018. Its down 0.14, from 0.99 in 2017Q4. It dropped, as 23 investors sold ELLI shares while 66 reduced holdings. 25 funds opened positions while 51 raised stakes. 37.21 million shares or 1.96% less from 37.95 million shares in 2017Q4 were reported. Assetmark reported 0% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Baillie Gifford & Co has invested 0.1% in Ellie Mae, Inc. (NYSE:ELLI). Bamco has 79,528 shares. Brown Cap Mngmt Limited Liability Company holds 2.95% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 2.83M shares. Yorktown Management And Rech holds 0.1% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI) for 3,500 shares. Jericho Capital Asset Management Limited Partnership stated it has 3.65% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Ranger Invest Management Limited Partnership has 1.44% invested in Ellie Mae, Inc. (NYSE:ELLI) for 211,868 shares. United Cap Advisers Ltd Com reported 0.06% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). Tiaa Cref Inv Limited Liability Corporation reported 0.01% stake. Principal Finance Grp Incorporated reported 0% stake. State Board Of Administration Of Florida Retirement Systems stated it has 0% in Ellie Mae, Inc. (NYSE:ELLI). Eagle Asset Management has invested 0.29% of its portfolio in Ellie Mae, Inc. (NYSE:ELLI). 714,412 were reported by Van Berkom Assoc. 508 are owned by Parkside Fin Natl Bank And. Moreover, Wells Fargo Mn has 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 154,738 shares.

Since February 15, 2018, it had 0 insider purchases, and 49 insider sales for $12.11 million activity. The insider HIRSCH PETER sold $206,387. 2,415 shares were sold by SPENCER JEB S., worth $257,886 on Tuesday, May 29. The insider SCHREINER GATES CATHLEEN sold 623 shares worth $63,808. $96,897 worth of Ellie Mae, Inc. (NYSE:ELLI) shares were sold by Levinson Marina. On Monday, April 2 the insider Anderman Sigmund sold $21,992. Another trade for 6,747 shares valued at $615,541 was sold by Corr Jonathan.

New York State Common Retirement Fund increased its stake in Ellie Mae Inc (NYSE:ELLI) by 27.18% based on its latest 2018Q2 regulatory filing with the SEC. New York State Common Retirement Fund bought 146,855 shares as the company’s stock rose 12.46% while stock markets declined. The institutional investor held 687,125 shares of the technology company at the end of 2018Q2, valued at $71.35M, up from 540,270 at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Ellie Mae Inc for a number of months, seems to be bullish on the $3.64 billion market cap company. The stock decreased 0.83% or $0.88 during the last trading session, reaching $104.99. About 455,549 shares traded. Ellie Mae, Inc. (NYSE:ELLI) has declined 4.44% since August 13, 2017 and is downtrending. It has underperformed by 17.01% the S&P500.

New York State Common Retirement Fund, which manages about $80.10 billion US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 254,941 shares to 8.69 million shares, valued at $581.48M in 2018Q2, according to the filing. It also reduced its holding in Adobe Systems (NASDAQ:ADBE) by 61,500 shares in the quarter, leaving it with 1.36M shares, and cut its stake in Jd.Com Inc Adr (NASDAQ:JD).

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

Among 9 analysts covering Ellie Mae (NYSE:ELLI), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Ellie Mae had 9 analyst reports since April 12, 2018 according to SRatingsIntel. Compass Point maintained Ellie Mae, Inc. (NYSE:ELLI) rating on Friday, April 27. Compass Point has “Sell” rating and $6000 target. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Underperform” rating by Wedbush on Thursday, April 12. The stock of Ellie Mae, Inc. (NYSE:ELLI) has “Neutral” rating given on Monday, April 16 by Bank of America. JP Morgan downgraded the stock to “Neutral” rating in Thursday, June 21 report. The stock has “Hold” rating by Zelman on Friday, April 20. The stock has “Hold” rating by J.P. Morgan on Thursday, June 21. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Market Outperform” rating by JMP Securities on Friday, July 27. The company was maintained on Friday, July 27 by KeyBanc Capital Markets. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, July 27 report.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. The company has market cap of $3.64 billion. The firm provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network. It has a 102.83 P/E ratio. The Company’s Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, Encompass Compliance Service, and Encompass Docs Solution as integrated components; Encompass Docs Solution, a disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.

Another recent and important Ellie Mae, Inc. (NYSE:ELLI) news was published by Benzinga.com which published an article titled: “A Preview Of Ellie Mae’s Earnings” on July 26, 2018.

Ellie Mae, Inc. (NYSE:ELLI) Institutional Positions Chart

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